Central Government of China is not ready to make the yuan one of the world"s reserve currency, it will continue financial reforms, said head of the laboratory of the Institute of Quantitative and Technical Economics AON China Fan Pollock.

Speaking during a video bridge Moscow-Beijing on Thursday, a Chinese expert said that China as a whole cope with the global financial crisis and maintained a positive momentum of GDP, which in 2009 increased by 8,7%, but the economy emerged new challenges that require "economic system", including financial.

In the current situation, "China does not want to be responsible and the locomotive of world economy," he said, noting that the yuan is currently not considered a contender to be the new global reserve currency.

However, the expert noted that China is a developing country and in the next 20-30 years to maintain a steady development. According to him, for several decades the policy of reform and opening up "the country has made some progress in reforms, but still considers the transformation of the economy of its basic task. The current crisis is primarily shown the need for the development of domestic demand as the main lever of economic development, said Fan Pollock.

Meanwhile, fellow of the Research Institute on issues of world politics and economy AON China Tsiyuan Xu said that the PRC government has set a target by 2020 to make Shanghai a world financial center. According to the expert, "it would be difficult to achieve, having in the hands of existing financial mechanisms." He stressed that China "must be reformed such financial arrangements as the mechanism of regulation of the banking interest rates, regulatory appreciation of the yuan".